Jak Dadi
Form question
I have rented a couple of units to tenants that were brought to me by a non profit agency. Within the first month, one tenant gave us some trouble on her rent and we initiated the eviction process. We contacted the no...
Ray Trounday
Difference between Yield and Return on Investment for a Note
I am getting myself confused between Yield and ROI. For illustration purposes, lets say that we are evaluating the following note:Original Principal Balance: $100,000Interest Rate: 5%Term: 360Payment (-536.82) Calcul...
Diana Rivera
Non-QM vs Hard Money loans
Hi everyone! I’m looking into loan options. I just got off the phone from speaking to a lender. I don’t qualify for an FHA or regular conventional loan due to the fact that I did a short sale in 2016 so I was asking h...
Christopher Davis
How do you enforce penalty fees?
In the spirit of “training your tenants,” how do you enforce when fees are applied due to late rent, non-compliance fees, etc. You add a fee to the monthly rent, but how do you enforce their payment? Or you bill the f...
Bobby Walters
Tenant provides deposit to hold unit. Backs out. Advice?
A question for you veteran landlords....
I have a very nice condo that is highly sought after by prospective tenants. I had someone who wanted the unit, and called me stating that he wanted to lease it, and would b...
Ron West
Non-Recourse Loan for Commercial in NY State
I have a 6-unit multifamily property under contract and all the numbers are looking good. I want to fund the deal with a self directed SOLO 401k set up for my real estate business. Unfortunately, the IRS restricts SOL...
Jonathan Orr
Note Underwriting/Proforma Question
Hey BP communityI recently was introduced to an opportunity for purchasing performing and non performing notes (1st and 2nd position). I have little knowledge about it and wanted to know if anyone had good advice of ...
Kevin Roach
Can you borrow the down payment from one lender to then use to secure a mortgage with a second lender? And is that a good idea?
Looking to get into my first multi-family property (first of any type of property actually) and I don't have enough for a down payment. Would it be possible to borrow the 20-25% needed for the down from bank A and th...
Brad Roche
Using a No-Ratio Loan to buy a Primary Residence
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...
Cory Hoffman
Security deposit for a lease option
I am curious to know how people handle security deposits for a lease option. Meaning, you are getting an option payment that is nonrefundable, what if they don't buy but want to remain a tenant. I am doing one here ...